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Data breach hits world's largest payment system manufacturer

Data breach hits world's largest payment system manufacturer
© Melinda Fawver | Dreamstime.com

Data breaches of your personal information and financial records are so commonplace these days that often, when you hear news about Russian hackers breaking into a U.S. company's computer systems, it's easy just to tune out the bad news. After all, there's not much you can do about it, right?

Don't let this new attack go unnoticed. A newly reported data breach that went undetected for six months at the world's largest payment system manufacturer, which processes payments for Visa and Mastercard, can affect you for months or years to come.

Verifone recently confirmed that its internal network had been hacked. Although the company has downplayed the hack, it's a serious breach that deserves more attention.

Verifone said about two dozen point-of-sale payment systems at gas stations were targeted. POS systems, like the ones hacked at Target that led to data from 40 million cards being stolen in 2013, are where you swipe or insert your debit card or credit card.

Verifone has said in a statement that this attack was contained. However, while Verifone may be downplaying this data breach, the hack gets scarier as more details come to light.

Next page: Why gas stations are vulnerable to data breaches
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